AN EXCEL-BASED DECISION SUPPORT SYSTEM FOR SCORING AND RANKING PROPOSED R&D PROJECTS

Article OPEN
ANNE DE PIANTE HENRIKSEN ; SUSAN W. PALOCSAY (2008)
  • Journal: International Journal of Information Technology and Decision Making, volume 7, issue 3, pages 529-546
  • Subject: R&D project evaluation, R&D project selection, scoring, ranking, interactive decision support

One of the most challenging aspects of technology management is the selection of research and development (R&D) projects from among a group of proposals. This paper introduces an interactive, user-friendly decision support system for evaluating and ranking R&D projects and demonstrates its application on an example R&D program. It employs the scoring methodology developed by Henriksen and Traynor to provide a practical technique that considers both project merit and project cost in the evaluation process, while explicitly accounting for trade-offs among multiple decision criteria.1 The framework of the Excel-based system, PScore, is presented with an emphasis on the potential benefits of using this methodology with computer-automated extensions that facilitate and enhance managerial review and decision-making capabilities.
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